GBPUSD price breached critical resistance at 1.3585, supported by trading above EMA50 and main bullish trend
Relative strength indicators showing negative signals after reaching overbought levels, leading to short-term correctional trading
The (GBPUSD) price settled high in its last intraday trading, confirming its success in breaching the critical resistance level at 1.3585, supported by the continuation of its trading above EMA50, and under the dominance of the main bullish trend on a short-term basis, with its trading alongside supportive bias line.
On the other hand, the relative strength indicators began showing negative overlapping signals after reaching overbought levels, which confined the last gains, which pushed the price to short-term correctional trading before regaining the bullish momentum.
